Donald Trump, the Republican presidential nominee, presented a detailed plan in a speech at the Economic Club of New York. He proposed a partnership with Elon Musk to create a Department of Government Efficiency (DOGE), coinciding with the cryptocurrency Dogecoin's ticker.
Elon Musk expressed willingness to lead this initiative without compensation. Trump also highlighted the importance of revitalizing unused funds from the Joe Biden era and denying mortgages to undocumented immigrants as part of his financial strategy.
Furthermore, Trump emphasized making the US the global center for cryptocurrencies such as Bitcoin, showcasing a shift in his administration’s support for digital assets. The announcement had minimal impact on Dogecoin's market value, which saw a slight increase. Musk recently hinted at reintroducing Dogecoin for Tesla merchandise, reigniting interest in the cryptocurrency.
